India's total outbound investments in joint ventures and wholly owned subsidiaries (WOS) abroad grew by 53.2 per cent in FY 08, at $23.071 billion, as compared to $15.06 billion in the previous fiscal, Reserve Bank said in its monthly report. Tota ..
New Delhi : Securities and Exchange Board of India has sought the Supreme Court's intervention on whether the sectoral tribunal, a quasi-judicial body, has the powers to impose penalty on the market regulator. The matter is likely to come up for hear ..
New Delhi : The Reserve Bank is considering a Finance Ministry's proposal to increase the limit of foreign institutional investors exposure in corporate bonds, while retaining the current overall cap of USD 8 billion, to get long-term fundings for in ..
New Delhi : Backed by young Indians, music and gaming are going to be cherry on the pie for the telecom sector growth, with value-added services estimated to reach about USD 2 billion this year, says consultancy firm PwC. India has one of the younges ..
The woes of special economic zones (SEZ) just don’t seem to end. Fresh trouble has now broken out with the revenue department seeking clarity on provision in the SEZ Act that makes these zones deemed to be outside Customs territory. The matter has be ..
The government is planning to scrap Press Note 1, allowing foreign companies to invest in sectors where they already have a joint venture without obtaining a no-objection certificate (NOC) from their current partner. The NOC condition is applicable f ..
India's Reliance Communications Ltd. (RCom) said it is unable to conclude its proposed $66 billion merger with South Africa's mobile operator MTN Group Ltd., 'owing to certain legal and regulatory issues'.RCom said the two parties have mutually decid ..
The U.S. Department of Justice has accused $1.6 billion (sales) Ranbaxy Laboratories, India's largest pharmaceutical firm, of selling adulterated drugs. In a motion filed July 3 in federal court in Maryland, the Justice Department alleged that Ranbax ..
A proposed online search advertising deal between Yahoo and Google came under fire at a US Senate hearing as Microsoft claimed that Yahoo CEO Jerry Yang had himself admitted that the agreement would hurt competition. Speaking before the Senate's Judi ..
Four days after the news of US government’s legal action against India’s largest drugmaker became public, Ranbaxy CEO and MD Malvinder Singh came out in the open on Wednesday to defend the pharma firm. He said a few rival firms, which include a globa ..
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